$BTC Analysis 11/26/2024
#BTC, nothing like a pullback to differentiate investors from adventurers lol. Today we are seeing most people despairing about something they shouldn't, but a large part of this despair comes from 2 types of people;
1) People who are overleveraged and are obviously negative because they are making mistakes with leverage, but are too blind to realize this, and what do they do? They blame the chart for not doing what they want lol. Remember: THE MARKET IS SOVEREIGN and it HUMILIATES EVERYONE EQUALLY. (In 24 hours we had $680M in liquidated positions).
2) Newbies who are in their first cycle, it is for the latter that I usually post and continue here. So here we go...AGAIN:
The price of BTC and any other currency will not and should not skyrocket without any pullback, and even less so without a correction, BUT I DON'T THINK WE ARE STARTING A CORRECTION HERE, after all...we would then have to talk about a -25%/-35% drop, and that's not what it seems (YET). I think we are in a pullback and consolidation here, so don't kick the table yet!
I would have liked to have seen a recovery of $95K today as we were going in the morning, but we had a retest that made things more dangerous, however, I am still optimistic and I hope that in this current region is where we will have support to recover $95K and attack new prices.
We have 55 Minutes from now for the BULLS to save this current 4H candle.
Anyway, I still have the same thought here:
As soon as the price of Bitcoin finds support, we will have a jump from Total 2 to $1.38T again, and we will go beyond there, then you will see what a good profit party is in#altcoinhahaha.
The big BUYERS are already positioning themselves at $89K and the big SELLERS are still above $99K.
* If you have any questions, don't hesitate, go to my INSTA (it's in the fixed image of my profile here), call me and ask your question.
